VP, Corporate Insurance and Claims
Apply NowCompany: Berkshire Hathaway Energy
Location: Des Moines, IA 50317
Description:
Job Description
Responsible for planning and directing the design and implementation of a corporate-wide insurance program to reduce Berkshire Hathaway Energy Company's risk profile. Develops objectives and policies to ensure effective insurance coverage for the company. Directs all activities related to corporate insurance and claims. Collaborates with insurance brokers, underwriters and legal counsel to optimize insurance coverage and manage claims effectively.
Responsibilities
Develops and directs the corporate insurance programs, excluding benefits-related plans, to manage the risks identified. Procures and implements a variety of insurance products (e.g., mutual, commercial, captive, reinsurance, other regulatory or financial products) to support the requirements of the company.
Manages claims and loss control activities.
Maintains relationships with third-party service providers including brokers, underwriters and other third-party administrators.
Develops policies and procedures to reduce the company's risk profile and implements modifications based on changing business conditions.
Ensures compliance with enterprise risk management and risk control policies and procedures.
Measures and reports on the company's insurance risk portfolio and plans.
Ensures that adequate investigation, analysis, and case management strategies and tactics are used to bring about the successful resolution of incidents involving liability or collection activities.
Ensures that all case management activities including the valuation of claims are employed with integrity, and result in a fair and equitable solution consistent with department and company policies.
Monitors claims litigation strategy and activities to ensure that cases are adequately prepared and managed by the attorneys assigned to each case while minimizing the costs associated with the defense in collaboration with the company's legal departments.
Uses the results of claims investigation and analysis activities to develop programs or policies that will prevent or mitigate future claims.
Acts as a company witness in regulatory proceedings in support of insurance programs.
Oversees management of captive insurance company.
Provides strategic direction and directs staffing efforts for the corporate insurance and claims team.
Prepares and is accountable for fiscal budgets, regulatory filings and data requests.
Ensures all compliance aspects of position are known and followed; understands and complies with all policies, codes and regulations applicable to position and company.
Performs additional responsibilities as requested or assigned.
Qualifications
Bachelor's Degree in Risk Management, Business Administration, Finance, Accounting, or a related field; or the equivalent combination of education and work experience. (Typically, four years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor's degree.)
A minimum of ten years insurance and claims related experience.
A minimum of seven years direct people management experience.
Demonstrated knowledge and understanding of the overall business, the sources of risk and potential options for mitigation.
Effective financial, analytical, problem-solving and decision-making skills.
Strong communication and interpersonal skills.
Knowledge of insurance rules, regulations, policies, procedures and practices; applicable federal, state, and local governmental laws and regulations..
Employees must be able to perform the essential functions of the position, with or without an accommodation.
All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.
About Us
MidAmerican Energy Company, a Midwest utility, provides regulated electric and natural gas service to more than 1.6 million customers in Illinois, Iowa, Nebraska and South Dakota. The company owns and operates a portfolio of power-generating assets, approximately 61% of which is wind generation.
About the Team
MidAmerican Energy Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law. Employees must be able to perform the essential functions of the position, with or without an accommodation.
Responsible for planning and directing the design and implementation of a corporate-wide insurance program to reduce Berkshire Hathaway Energy Company's risk profile. Develops objectives and policies to ensure effective insurance coverage for the company. Directs all activities related to corporate insurance and claims. Collaborates with insurance brokers, underwriters and legal counsel to optimize insurance coverage and manage claims effectively.
Responsibilities
Develops and directs the corporate insurance programs, excluding benefits-related plans, to manage the risks identified. Procures and implements a variety of insurance products (e.g., mutual, commercial, captive, reinsurance, other regulatory or financial products) to support the requirements of the company.
Manages claims and loss control activities.
Maintains relationships with third-party service providers including brokers, underwriters and other third-party administrators.
Develops policies and procedures to reduce the company's risk profile and implements modifications based on changing business conditions.
Ensures compliance with enterprise risk management and risk control policies and procedures.
Measures and reports on the company's insurance risk portfolio and plans.
Ensures that adequate investigation, analysis, and case management strategies and tactics are used to bring about the successful resolution of incidents involving liability or collection activities.
Ensures that all case management activities including the valuation of claims are employed with integrity, and result in a fair and equitable solution consistent with department and company policies.
Monitors claims litigation strategy and activities to ensure that cases are adequately prepared and managed by the attorneys assigned to each case while minimizing the costs associated with the defense in collaboration with the company's legal departments.
Uses the results of claims investigation and analysis activities to develop programs or policies that will prevent or mitigate future claims.
Acts as a company witness in regulatory proceedings in support of insurance programs.
Oversees management of captive insurance company.
Provides strategic direction and directs staffing efforts for the corporate insurance and claims team.
Prepares and is accountable for fiscal budgets, regulatory filings and data requests.
Ensures all compliance aspects of position are known and followed; understands and complies with all policies, codes and regulations applicable to position and company.
Performs additional responsibilities as requested or assigned.
Qualifications
Bachelor's Degree in Risk Management, Business Administration, Finance, Accounting, or a related field; or the equivalent combination of education and work experience. (Typically, four years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor's degree.)
A minimum of ten years insurance and claims related experience.
A minimum of seven years direct people management experience.
Demonstrated knowledge and understanding of the overall business, the sources of risk and potential options for mitigation.
Effective financial, analytical, problem-solving and decision-making skills.
Strong communication and interpersonal skills.
Knowledge of insurance rules, regulations, policies, procedures and practices; applicable federal, state, and local governmental laws and regulations..
Employees must be able to perform the essential functions of the position, with or without an accommodation.
All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.
About Us
MidAmerican Energy Company, a Midwest utility, provides regulated electric and natural gas service to more than 1.6 million customers in Illinois, Iowa, Nebraska and South Dakota. The company owns and operates a portfolio of power-generating assets, approximately 61% of which is wind generation.
About the Team
MidAmerican Energy Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law. Employees must be able to perform the essential functions of the position, with or without an accommodation.